How do you open an Ally online savings account?


Quick Answer

To open an online savings account, choose the Open Account option on the Ally website, and then choose the Online Savings option before entering personal information, according to Ally Financial. To open an account, a Social Security number and U.S. mailing address are requirements, and the applicant must be at least 18 years old.

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Full Answer

To start the process of opening an Ally online savings account, choose either the new customer or existing customer option, explains Ally Financial. Select the online savings option, and enter the opening deposit. There are no monthly fees, and each customer gets up to six free transactions each month.

Choose either an individual or joint online savings account, and enter personal information for the primary account owner, states Ally Financial. Some of the personal information necessary include full name, date of birth, Social Security number, email and contact information, including home address. At this point, make an initial deposit electronically from another account, and complete the registration.

If choosing the joint account option from Ally, two or more account owners may control the online savings account, claims Ally Financial. All owners may view the account, make transfers, withdraw and deposit money. If requiring assistance with opening an online savings account, Ally has an online chat option or a telephone number where customer service representatives are available.

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